Fri, 28 July 2017
CI 87 - How the Breakdown of the Current Paper Money Economy Brought on the New Depression with Richard Duncan, Part 1
This week’s episode is an enlightening economic conversation you don’t want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession.
Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.
[1:11] Richard Duncan has a unique, insider’s view of world economics and FIAT money.
[6:16] In the US, when credit grows less than 2% the US goes into recession.
[11:27] Creditism is the new Capitalism.
[13:47] Looking back at the policies which saved the world economy in 2008.
[19:45] It’s a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.
[23:37] Globalization has changed the way the economic game is played.
Fri, 21 July 2017
Bubbles abound in the world of investing, and today is no different. Jason welcomes Harry Dent, author of The Sale of a Lifetime, about what's going on today in the stock market, real estate market, political world, and worldwide economic statuses. Harry points out what nation in Europe that reminds him of Japan before their massive downturn, and gives Jason a rundown of what to look for BEFORE you see a bubble burst.
The two look at what you might actually want to be investing in when the bubble bursts.
[4:47] The massive bubble that is Chinese real estate
[12:51] Why Harry studies 80-250 year cycles when the world is rapidly changing today
[15:36] Examining the Trump rally
[24:07] Why Jason hates the Case Shiller Index
[28:19] The phases of a housing crash
Sat, 15 July 2017
Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards.
William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy.
[1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy.
[7:24] A grand bargain with Wall Street would mean revamping much of its incentive system.
[13:40] Draining the swamp is harder to do than it looks.
[13:23] What we should expect out of the economy and employment.
Fri, 7 July 2017
Bob Miller might have started his career as a police officer, but he didn't stop there. He worked his way up to become the longest serving governor in Nevada history, with a mindset of encouraging economic development through environmentally friendly tourism, specifically Las Vegas.
But Vegas wasn't always in Bob's future. Bob's dad was a gaming pioneer, and he steered Bob away from the Vegas experience and pointed him in the direction of legal advocacy. After he graduated from law school and worked his way up to the governorship, Bob used his legal background to help Nevada transition Vegas into the powerhouse of entertainment that it is today.
Jason Hartman and Bob talk about Bob's new book Son of a Gambling Man, and what Vegas was, what it is, and how the law impacted Bob's entire life.
[6:05] Where Bob sees Las Vegas, and the state of Nevada, headed
[11:02] When Vegas changed from a place with cheap food/transportation/hotel rooms to get you to come in and gamble, to a place where it's expensive and has booming business outside of gambling
[16:03] Bob's experience as a lawyer